20 Mitcham StreetGaythorne QLD 4051
Property Details for 20 Mitcham St, Gaythorne
20 Mitcham St, Gaythorne is a 5 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 230m2.
Last Listing description (July 2021)
Currently consisting of 3 units perched on a 600m2 block, this property is suitable for redevelopment in units or townhouses - or retain as a long term hold taking advantage of strong rental yields.
Set in a fantastic location just walking distance from Park lands, Shops, Child care centres, Brookside Shopping Centre, city train and bus services. Schools in the area include Mt Maria College, Mitchelton state and high schools, Our Lady of Dolours Primary School and Hillbrook College.
There are currently 3 tenancies within the complex with a return of $885.00 per week.
Long term development potential - zoned Residential B R3
In this current market it is a very rare offering.
For a package of information on this site, please contact David Little on 0400 980 003.
Property History for 20 Mitcham St, Gaythorne, QLD 4051
- 26 May 2021Listed for Sale Offers Over $999,000
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About Gaythorne 4051
The size of Gaythorne is approximately 1 square kilometres. It has 9 parks covering nearly 10.6% of total area. The population of Gaythorne in 2011 was 2,654 people. By 2016 the population was 3,036 showing a population growth of 14.4% in the area during that time. The predominant age group in Gaythorne is 20-29 years. Households in Gaythorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gaythorne work in a professional occupation. In 2011, 41.9% of the homes in Gaythorne were owner-occupied compared with 39.2% in 2016.
Gaythorne has 1,906 properties. Over the last 5 years, Houses in Gaythorne have seen a 80.96% increase in median value, while Units have seen a 82.45% increase. As at 31 October 2024:
- The median value for Houses in Gaythorne is $1,218,259 while the median value for Units is $680,383.
- Houses have a median rent of $645 while Units have a median rent of $550.
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